This property looks like a bad Mid-Term investment with a projected -3.93% first-year return on $72,390 initial cash invested.
-3.93%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$2,319
Rent
-$237
Cashflow
Cash Flow
$2,319 income − $2,556 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,319
Total Expenses
$2,556
Mortgage P&I
62%
$1,442
Property Taxes
10%
$234
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255